By the end of this month, it’s expected the Articles of Agreement for the Asian Infrastructure Investment Bank (AIIB) will be finalized and be ready for signing. The China-led development bank also believes it will be up and running by the end of the year.
More than 50 countries have agreed to join this endeavor, but the AIIB isn’t the only game in town when it comes to developing a region where 40% of the population is poor.
Returning to the podcast is Curtis S Chin, Asia Fellow with the Milken Institute to break things down and explain why we need these financial institutions.
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